HONG KONG: US non-public fairness agency Advent International has signed a deal to sell Indian packaging company Manjushree Technopack to PAG for an enterprise worth of shut to $1 billion, two sources with direct information stated on Friday.
Advent, which invested within the company in 2018, was planning to take Manjushree Technopack public however opted for a sale that can finish the providing course of, the folks stated. Manjushree didn’t instantly reply to Reuters’ requests for remark. Advent and PAG, which is headquartered in Hong Kong, declined to remark.
